Skip to main content Skip to main navigation

Total Trader

  • Home
  • Brokers
  • Trading Platforms
  • Stocks
  • ETFs
  • CFDs
  • Forex
  • Futures
  • Open an Account
  • Support
  • News
  • About Total Trader
  • Contact

TAH – Tabcorp: Preparing for a breakout

By Total Trader | Published: 18 July 2012
  • Past 12 months since being split form EGP TAH has been building an extended rounding base formation. This is now on the verge of being completed with any move above $3.05
  • Forecasted yield of 8.5% underpins its defensive nature but probability for Tatttersalls to acquire the business adds element of solid upside potential.
  • Unlike the casinos (EGP) business which is inherently volatile, wagering is far more consistent and reliable. The de-merger of the two should now remove much of the volatility in earnings from TAH and allow the stock to trade on a higher multiple.
  • Above $3.05 and good rally should be seen to the highs of July (still below listing price) at $3.36
  • Indicators are now starting to signal an increase in momentum with trending signals emerging across a variety of timeframes.

Related Posts:

  1. FxPro Daily Forex Brief: Hoping for the best and preparing for the worst
  2. CTX – Caltex: Fresh Breakout, Solid trend emerging
  3. CCL – Coca-Cola Amatil: Ready To Breakout
  4. China Breakout
  5. TED Spread On Watch For Breakout
  6. Active Trader Breakout Signals for Gold, Silver and Oil
  7. ETF, Up 100% – On Verge of Breakout

This entry was posted in General, Stock Trading and tagged Tabcorp, TAH. Bookmark the permalink. Both comments and trackbacks are currently closed.
« CTX – Caltex: Fresh Breakout, Solid trend emerging
SYD – Sydney Airport: New highs Expected, Focus on Record High of $3.37 »
  • Recent News

    • Nikkei 225 Possible Break Out
    • S&P 500 Closes Above 2000 for First Time
    • Best & Worst Traders of All Time
    • The Economist: The Worlds Most Expensive Cities To Live (And Likely To Travel As Well)
    • 10 Good Value Investing Blogs
    • FundSeeder.com – Market Wizards Next Book
    • House Of Cards – Series
    • Bitcoin
    • RAPA – Leading 5 Traders and their Allocation’s
    • USA Population Distribution
  • Disclaimer
  • Privacy Policy
  • News RSS
  • Feedburner RSS
  • Newsletter RSS
  • Podcast Feed
  • Twitter RSS
TotalTrader is proudly powered by Wordpress